Rest Well Hotel orally ordered 1,000 blankets monogrammed with its initials from TriColor Textiles. TriColor had just finished monograming the blankets when Rest Well called and cancelled the order. TriCOlor will be able to enforce the agreement even though there was no writing.
a. true
b. false
a. true
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Fenchurch Corp uses the direct write-off method to account for bad debts. What are the effects on the accounting equation of the entry to record the write-off of a customer's account balance?
a. Assets and liabilities decrease. b. Assets and owners' equity decrease. c. Owners' equity decrease and liabilities increase. d. No effect; assets increase and decrease by the same amount.
Putting ethics into practice requires not simply decision making, but ________ decision making.
Fill in the blank(s) with the appropriate word(s).
A major advantage of publicity is _____
a. ease in planning b. no costs for total publicity effort c. high believability d. control over message placement
Employees who earn performance-based pay are more
A. mobile. B. satisfied. C. educated. D. cynical.